If this is the truth......I see nothing wrong with this. I'd like the conspiracy party to explain otherwise without diving conspiracy theories. Save those for Coast to Coast. I am not an American so obviously I do not belong to either religion, Republican, Democrat, Libertarian.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
U.S. To Hit Traders, Money Managers With A Tax Shot To The Gut
- Thread starter hippie
- Start date
Quote from AAAintheBeltway:
I don't see what is so terrible about treating the income hedge fund managers earn from managing their funds as ordinary income. I think the "carried interest" ploy was an abusive scam that turned tax law on its head. Managers pretended they had an equity interest in their fund, but clearly they didn't, since they didn't share in losses. They risked nothing, other than not earning an incentive fee.
I have nothing against managers getting paid an incentive fee or anything else they can convince investors to pay, but this type of income is clearly ordinary income, not cap gains.
It galls me that congressmen can raise taxes on wage earners and investors while they let these fatcats use an obvious tax dodge.
NO, friend. It's about increasing taxes on those of us WHO INCUR RISK BY STARTING AND OPERATING BUSINESSES!
If income taxes go up or down, that's what they do. But when the government begins taxing the people who create jobs, that's far over the line.
LOOK who sponsored that bill, Rangel from Harlem, NYC. He's the same guy who proposed a mandatory MILITARY DRAFT as recently as two years ago. Who do you think his constituents are? People who probably read less than five books per year and want free government money.
ALSO: Where, pray tell, do you think our tax dollars are going to? Dont' be a fool - Obama and his socialist cronies have spent almost two TRILLION DOLLARS.
So...where's the money, genius?
It's a never-ending hole of wars, social entitlements & is the ROAD TO PERDITION.
Whether or not you agree with me, that's fine. You can be a Keynesian and a socialist & live with the consequences as your family's quality of life goes down...down...down...along with your purchasing power and the liberties our forebears gave their lives for.
I understand your frustration with taxation but if AAA's qoute is correct, why shouldn't Hedge Fund Managers pay the same taxes as a business owner' does on his profits for running a business.
Quote from Chicago_CTA:
NO, friend. It's about increasing taxes on those of us WHO INCUR RISK BY STARTING AND OPERATING BUSINESSES!
If income taxes go up or down, that's what they do. But when the government begins taxing the people who create jobs, that's far over the line.
LOOK who sponsored that bill, Rangel from Harlem, NYC. He's the same guy who proposed a mandatory MILITARY DRAFT as recently as two years ago. Who do you think his constituents are? People who probably read less than five books per year and want free government money.
ALSO: Where, pray tell, do you think our tax dollars are going to? Dont' be a fool - Obama and his socialist cronies have spent almost two TRILLION DOLLARS.
So...where's the money, genius?
It's a never-ending hole of wars, social entitlements & is the ROAD TO PERDITION.
Whether or not you agree with me, that's fine. You can be a Keynesian and a socialist & live with the consequences as your family's quality of life goes down...down...down...along with your purchasing power and the liberties our forebears gave their lives for.